Note 4 - Securities (Tables)
|
3 Months Ended |
Mar. 31, 2022 |
|---|
| Notes Tables |
|
| Debt Securities, Available-for-Sale [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
Estimated |
|
| |
|
Cost |
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Basis |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| March 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
8,883 |
|
|
$ |
- |
|
|
$ |
(681 |
) |
|
$ |
8,202 |
|
| U.S. treasury securities |
|
|
199 |
|
|
|
- |
|
|
|
- |
|
|
|
199 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
178,431 |
|
|
|
45 |
|
|
|
(14,353 |
) |
|
|
164,123 |
|
| Municipal securities |
|
|
317,000 |
|
|
|
1,727 |
|
|
|
(27,903 |
) |
|
|
290,824 |
|
| Collateralized debt obligations |
|
|
2,173 |
|
|
|
- |
|
|
|
(1,201 |
) |
|
|
972 |
|
| Total securities available-for-sale |
|
$ |
506,686 |
|
|
$ |
1,772 |
|
|
$ |
(44,138 |
) |
|
$ |
464,320 |
|
| |
|
(Dollars in thousands) |
|
| |
|
|
|
|
|
Gross |
|
|
Gross |
|
|
Estimated |
|
| |
|
Cost |
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Basis |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
8,883 |
|
|
$ |
- |
|
|
$ |
(214 |
) |
|
$ |
8,669 |
|
| U.S. treasury securities |
|
|
400 |
|
|
|
- |
|
|
|
- |
|
|
|
400 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
187,279 |
|
|
|
961 |
|
|
|
(3,539 |
) |
|
|
184,701 |
|
| Municipal securities |
|
|
322,750 |
|
|
|
9,904 |
|
|
|
(527 |
) |
|
|
332,127 |
|
| Collateralized debt obligations |
|
|
2,173 |
|
|
|
- |
|
|
|
(1,181 |
) |
|
|
992 |
|
| Total securities available-for-sale |
|
$ |
521,485 |
|
|
$ |
10,865 |
|
|
$ |
(5,461 |
) |
|
$ |
526,889 |
|
|
| Investments Classified by Contractual Maturity Date [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Available-for-sale |
|
| |
|
|
|
|
|
Estimated |
|
| |
|
Cost |
|
|
Fair |
|
| March 31, 2022 |
|
Basis |
|
|
Value |
|
| Due in one year or less |
|
$ |
389 |
|
|
$ |
390 |
|
| Due from one to five years |
|
|
1,759 |
|
|
|
1,763 |
|
| Due from five to ten years |
|
|
30,204 |
|
|
|
29,468 |
|
| Due over ten years |
|
|
295,903 |
|
|
|
268,576 |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
178,431 |
|
|
|
164,123 |
|
| Total |
|
$ |
506,686 |
|
|
$ |
464,320 |
|
|
| Available for Sale, Debt Securities, Maturity and Yields [Table Text Block] |
| |
|
Within 1 Year |
|
|
1 - 5 Years |
|
|
5 - 10 Years |
|
|
After 10 Years |
|
|
Total |
|
| |
|
Amount |
|
|
Yield |
|
|
Amount |
|
|
Yield |
|
|
Amount |
|
|
Yield |
|
|
Amount |
|
|
Yield |
|
|
Amount |
|
| U.S. government sponsored entities: |
|
$ |
- |
|
|
|
0.00 |
% |
|
$ |
- |
|
|
|
0.00 |
% |
|
$ |
8,202 |
|
|
|
1.00 |
% |
|
$ |
- |
|
|
|
0.00 |
% |
|
$ |
8,202 |
|
| AFS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. treasury securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| AFS |
|
|
199 |
|
|
|
0.13 |
% |
|
|
- |
|
|
|
0.00 |
% |
|
|
- |
|
|
|
0.00 |
% |
|
|
- |
|
|
|
0.00 |
% |
|
|
199 |
|
| Municipal Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| AFS |
|
|
191 |
|
|
|
4.84 |
% |
|
|
1,763 |
|
|
|
4.13 |
% |
|
|
21,266 |
|
|
|
3.56 |
% |
|
|
267,604 |
|
|
|
2.87 |
% |
|
|
290,824 |
|
| Trust Preferred Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| AFS |
|
|
- |
|
|
|
0.00 |
% |
|
|
- |
|
|
|
0.00 |
% |
|
|
- |
|
|
|
0.00 |
% |
|
|
972 |
|
|
|
1.57 |
% |
|
|
972 |
|
| Totals |
|
$ |
390 |
|
|
|
2.43 |
% |
|
$ |
1,763 |
|
|
|
4.13 |
% |
|
$ |
29,468 |
|
|
|
2.85 |
% |
|
$ |
268,576 |
|
|
|
2.87 |
% |
|
$ |
300,197 |
|
|
| Schedule of Realized Gain (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
March 31, |
|
|
March 31, |
|
| |
|
2022 |
|
|
2021 |
|
| |
|
|
|
|
|
|
|
|
| Proceeds |
|
$ |
16,236 |
|
|
$ |
6,904 |
|
| Gross gains |
|
|
397 |
|
|
|
417 |
|
| Gross losses |
|
|
(16 |
) |
|
|
- |
|
|
| Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
| |
|
(Dollars in thousands) |
|
| |
|
Unrealized
gain/(loss) |
|
| Ending balance, December 31, 2021 |
|
$ |
4,276 |
|
| Current period change |
|
|
(37,738 |
) |
| Ending balance, March 31, 2022 |
|
$ |
(33,462 |
) |
|
| Unrealized Gain (Loss) on Investments [Table Text Block] |
| |
|
(Dollars in thousands) |
|
|
|
|
|
| |
|
Less than 12 months |
|
|
12 months or longer |
|
|
Total |
|
|
Percentage of |
|
| |
|
Estimated |
|
|
|
|
|
|
Estimated |
|
|
|
|
|
|
Estimated |
|
|
|
|
|
|
Total Portfolio |
|
| |
|
Fair |
|
|
Unrealized |
|
|
Fair |
|
|
Unrealized |
|
|
Fair |
|
|
Unrealized |
|
|
in Loss |
|
| |
|
Value |
|
|
Losses |
|
|
Value |
|
|
Losses |
|
|
Value |
|
|
Losses |
|
|
Position |
|
| March 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
8,202 |
|
|
$ |
(681 |
) |
|
$ |
8,202 |
|
|
$ |
(681 |
) |
|
|
100.0 |
% |
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
99,994 |
|
|
|
(7,368 |
) |
|
|
60,792 |
|
|
|
(6,985 |
) |
|
|
160,786 |
|
|
|
(14,353 |
) |
|
|
98.0 |
% |
| Municipal securities |
|
|
232,220 |
|
|
|
(27,678 |
) |
|
|
2,594 |
|
|
|
(225 |
) |
|
|
234,814 |
|
|
|
(27,903 |
) |
|
|
80.7 |
% |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
972 |
|
|
|
(1,201 |
) |
|
|
972 |
|
|
|
(1,201 |
) |
|
|
100.0 |
% |
| Total temporarily impaired |
|
$ |
332,214 |
|
|
$ |
(35,046 |
) |
|
$ |
72,560 |
|
|
$ |
(9,092 |
) |
|
$ |
404,774 |
|
|
$ |
(44,138 |
) |
|
|
87.2 |
% |
| Number of securities |
|
|
|
|
|
|
384 |
|
|
|
|
|
|
|
33 |
|
|
|
|
|
|
|
417 |
|
|
|
|
|
| |
|
(Dollars in thousands) |
|
|
|
|
|
| |
|
Less than 12 months |
|
|
12 months or longer |
|
|
Total |
|
|
Percentage of |
|
| |
|
Estimated |
|
|
|
|
|
|
Estimated |
|
|
|
|
|
|
Estimated |
|
|
|
|
|
|
Total Portfolio |
|
| |
|
Fair |
|
|
Unrealized |
|
|
Fair |
|
|
Unrealized |
|
|
Fair |
|
|
Unrealized |
|
|
in Loss |
|
| |
|
Value |
|
|
Losses |
|
|
Value |
|
|
Losses |
|
|
Value |
|
|
Losses |
|
|
Position |
|
| December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
$ |
8,669 |
|
|
$ |
(214 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
8,669 |
|
|
$ |
(214 |
) |
|
|
100.0 |
% |
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
126,373 |
|
|
|
(3,175 |
) |
|
|
8,109 |
|
|
|
(364 |
) |
|
|
134,482 |
|
|
|
(3,539 |
) |
|
|
72.8 |
% |
| Municipal securities |
|
|
70,309 |
|
|
|
(527 |
) |
|
|
- |
|
|
|
- |
|
|
|
70,309 |
|
|
|
(527 |
) |
|
|
21.2 |
% |
| Collateralized debt obligations |
|
|
- |
|
|
|
- |
|
|
|
992 |
|
|
|
(1,181 |
) |
|
|
992 |
|
|
|
(1,181 |
) |
|
|
100.0 |
% |
| Total temporarily impaired |
|
$ |
205,351 |
|
|
$ |
(3,916 |
) |
|
$ |
9,101 |
|
|
$ |
(1,545 |
) |
|
$ |
214,452 |
|
|
$ |
(5,461 |
) |
|
|
40.7 |
% |
| Number of securities |
|
|
|
|
|
|
133 |
|
|
|
|
|
|
|
5 |
|
|
|
|
|
|
|
138 |
|
|
|
|
|
|